RPAPL. If an Event of Default shall occur and be continuing, Mortgagee may elect to sell (and, in the case of any default of any purchaser, resell) the Property or any part thereof by exercise of the power of foreclosure or of sale granted to Mortgagee by Articles 13 of the New York Real Property Actions and Proceedings Law (the “RPAPL”). In such case, Mortgagee may commence a civil action to foreclose this Mortgage pursuant to Article 13 of the RPAPL to satisfy the Note and all other amounts secured hereby.
Appears in 2 contracts
Samples: Security Agreement and Fixture Filing (KBS Strategic Opportunity REIT II, Inc.), Security Agreement and Fixture Filing (KBS Strategic Opportunity REIT II, Inc.)
RPAPL. If an Event of Default shall occur and be being continuing, Mortgagee may elect to sell (and, in the case of any default of any purchaser, resell) the Property or any part thereof of the Property by exercise of the power of foreclosure or of sale granted to Mortgagee by Articles 13 and 14 of the New York Real Property Actions and Proceedings Law Las (the “"RPAPL”"). In such case, Mortgagee may commence a civil action to foreclose this Mortgage pursuant to Article 13 of the RPAPL, or it may proceed and sell the Property pursuant to Article 14 of the RPAPL to satisfy the Note and all other amounts secured hereby.
Appears in 1 contract
Samples: Tower Realty Trust Inc
RPAPL. If an Event of Default shall occur and be continuing, Mortgagee may elect to sell (and, in the case of any default of any purchaser, resell) the Property or any part thereof by exercise of the power of foreclosure or of sale granted to Mortgagee by Articles 13 of the New York Real Property Actions and Proceedings Law (the “RPAPL”). In such case, Mortgagee may commence a civil action to foreclose this Mortgage Security Instrument pursuant to Article 13 of the RPAPL to satisfy the Building Loan Note and all other amounts secured hereby.
Appears in 1 contract
Samples: Mortgage, Security Agreement (Star Mountain Resources, Inc.)
RPAPL. If an Event of Default shall occur and be continuing, Mortgagee may elect to sell (and, in the case of any default of any purchaser, resell) the Property or any part thereof by exercise of the power of foreclosure or of sale granted to Mortgagee by Articles 13 of the New York Real Property Actions and Proceedings Law (the “RPAPL”). In such case, Mortgagee may commence a civil action to foreclose this Mortgage pursuant to Article 13 of the RPAPL to satisfy the Note and all other amounts secured hereby.. ny-1258362
Appears in 1 contract
Samples: Security Agreement and Fixture Filing (KBS Strategic Opportunity REIT II, Inc.)
RPAPL. If an Event of Default shall occur and be continuing, Mortgagee may elect to sell (and, in the case of any default of any purchaser, resell) the Mortgaged Property or any part thereof by exercise of the power of foreclosure or of sale granted to Mortgagee by Articles 13 or 14 of the New York Real Property Actions and Proceedings Law (the “RPAPL”). In such case, Mortgagee may commence a civil action to foreclose this Mortgage pursuant to Article 13 of the RPAPL to satisfy the Note and all other amounts secured herebyRPAPL.
Appears in 1 contract
Samples: Agreement (Alexanders Inc)
RPAPL. If an Event of Default shall occur and be continuing, Mortgagee may elect to sell (and, in the case of any default of any purchaser, resell) the Mortgaged Property or any part thereof by exercise of the power of foreclosure or of sale granted to Mortgagee by Articles Article 13 or 14 of the New York Real Property Actions and Proceedings Law (the “"RPAPL”"). In such case, Mortgagee may commence a civil action to foreclose foreclosure this Mortgage pursuant to Article 13 of the RPAPL, or it may proceed and sell the Property pursuant to Article 14 of the RPAPL to satisfy the Note and all other amounts secured hereby.
Appears in 1 contract
Samples: And Consolidated Mortgage and Security Agreement (Metropolis Realty Trust Inc)
